West Des Moines-based Liberty Bank reported a $9.7 million loss for the quarter ended June 30 as it charged off nearly $16 million in troubled loans and restructured another $8.9 million.

The bank and its holding company are attempting to raise capital levels at the order of its federal regulator as the result of a troubled loan portfolio, much of it related to the acquisition of banks in Florida.

The bank reported nearly $1 million in net income for the quarter ended March 31.

Liberty reported a core capital ratio of 2.95 percent on assets of slightly more than $1 billion and a total risk-based capital ratio of 5.1 percent. The Office of Thrift Supervision said on July 14 that Liberty must raise its core capital level to 9 percent and its risk-based capital to 12 percent by Sept. 30.

The regulator’s functions have since been taken on by the Office of Comptroller of the Currency.

Liberty Bank declined to comment on its second-quarter report.

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